In addition to getting newly minted native tokens, miners often also receive fees for their service.

Question

BlackTom AI · Accepted Answer

The question asks about what miners receive in addition to newly minted native tokens, so we need to evaluate each option carefully.
Option: True
Miners typically receive two sources of compensation for mining a block: the block reward, which consists of newly minted tokens, and the transaction fees from all transactions included in the block. When users submit transactions, they often include a fee to incentivize miners to include their transaction in the next block; the miner who mines that block collects these fees along with the block reward. This aligns with standard blockchain economics where both rewards and fees constitute miners’ income for securing the network.
Option: False
Saying False would imply that miners never receive transaction fees or that fees are irrelevant to mining incentives. This is inaccurate for most major blockchains (e.g., Bitcoin, Ethereum, and others) where transaction fees are a core part of miners’ compensation and help keep the network secure and incentivized, especially as block subsidies evolve over time. Therefore, labeling the statement as false would overlook a fundamental aspect of miner economics and misrepresent how blocks are valued by participants.
In summary, the true assessment is that miners do receive fees in addition to the newly minted tokens, which makes the statement true; the alternative would misconstrue how mining rewards and fee mechanisms operate in practice.

ECOM215 - Blockchain Economics and Financial Market Innovation - 2024/25 ECOM215 Quiz 1

In addition to getting newly minted native tokens, miners often also receive fees for their service.

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